S.ISHIMITSU & CO., LTD.
2750・Standard Market・Wholesale Trade
Ishimitsu Corporation (food-related business, single segment)
A single-segment coffee and food specialized trading company operating domestically and internationally, primarily focused on the commercial-use sector
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (consolidated, full year) | ¥76,527 million | ¥64,953 million | ↑ |
| Operating profit (consolidated, full year) | ¥2,707 million | ¥1,557 million | ↑ |
| Ordinary profit (consolidated, full year) | ¥2,161 million | ¥1,336 million | ↑ |
| Profit attributable to owners of parent | ¥1,267 million | ¥888 million | ↑ |
| Operating margin | 3.5% | 2.4% | ↑ |
| ROE (return on equity) | 9.9% | 7.4% | ↑ |
| Ordinary profit to total assets ratio | 5.5% | 3.5% | ↑ |
| Equity ratio | 33.8% | 31.2% | ↑ |
| Earnings per share | ¥163.18 | ¥114.50 | ↑ |
| Net assets per share | ¥1,732.01 | ¥1,576.43 | ↑ |
| Annual dividend per share | ¥45.00 | ¥30.00 | ↑ |
| Cash flow from operating activities | ¥2,457 million | -¥1,029 million | ↑ |
| Cash and cash equivalents, end of period | ¥5,204 million | ¥4,059 million | ↑ |
Business Details
The Ishimitsu Corporation group is a food-specialized trading company operating four businesses: Coffee & Tea, Food, Agricultural Products, and Overseas. Its main customers include coffee roasters, beverage manufacturers, food processing manufacturers, mass retailers, and restaurant chains, and it sells nationwide through imports from overseas and domestic procurement. The group operates as an integrated whole with consolidated subsidiaries (in Japan, China, Thailand, India, and the UK) and affiliated companies. Starting in FY2026 (ending March 2026), the company launched a new medium-term management plan, "SHINE2027," focusing on growth investment, GHG reduction, development of products addressing social issues, and strengthening internal systems.
Recent Overview
Achieved substantial growth in both revenue and operating profit, driven by surging coffee market prices and yen depreciation
In FY2026 (ending March 2026), net sales increased significantly to ¥76,527 million (up 17.8% year on year) and operating profit rose to ¥2,707 million (up 73.8% year on year), reflecting substantial growth in both revenue and profit. The core Coffee & Tea business led overall performance, with net sales of ¥42,027 million (up 38.7% year on year). Coffee market prices fluctuated wildly during the period, ranging from below 300 cents to the 420-cent range, but price revisions and new customer development proved successful. Meanwhile, the Food business saw a slight decline in net sales but improved profitability through a review of low-margin products. Operating cash flow turned positive at ¥2,457 million, a reversal from the prior period's deficit. For FY2027 (ending March 2026), the company forecasts net sales of ¥78,072 million (up 2.0% year on year), but operating profit is expected to decline 10.1% year on year to ¥2,434 million due to persistently high material costs, rising logistics costs, and investment in a new plant being constructed by a subsidiary. However, the company plans to record extraordinary gains from the sale of land held by a subsidiary, and expects net income to increase 36.7% year on year to ¥1,733 million. Starting in FY2027 (ending March 2026), the company will introduce an interim dividend, moving to a twice-yearly dividend payment structure (forecast total of ¥55.00).
Key Products
Growth Drivers
- Higher selling prices driven by surging coffee market prices and yen depreciation (boosting sales and profit in the Coffee & Tea business)
- Expanded domestic sales of green coffee beans at the Chinese local subsidiary
- Progress in developing new industrial and household customers for coffee beverage products and price revisions (roasting volume increased to 17,880 tons)
- Spot sales gains amid increasing demand for matcha
- Steady performance in the Food business driven by rising per-customer spending in the restaurant industry and inbound tourism demand
- Favorable progress in new transactions for frozen products such as Chinese-origin potatoes for the restaurant industry
- Expansion of new initiatives in the Agricultural Products business, such as Chinese-origin onions and carrots for mass retail chains
- Expansion of exports to the UK joint venture, Thailand, and Australia
- Improved profitability in the Food and Overseas businesses through review of low-margin products
- Shift toward higher-margin products and promotion of ROIC-focused management under the new medium-term management plan "SHINE2027"
Risks
- High volatility in international coffee market prices (fluctuated wildly during FY2026 (ending March 2026), from below 300 cents to the 420-cent range, ending the period at 298.35 cents)
- Foreign exchange risk (rising procurement costs due to yen depreciation, with the exchange rate at approximately ¥159 to the dollar at period-end)
- Expanded equity-method investment losses (¥323 million in FY2026 (ending March 2026), up from ¥130 million in the prior period)
- Increased interest expense (¥207 million in FY2026 (ending March 2026), up from ¥127 million in the prior period)
- Risk of deteriorating earnings at overseas local subsidiaries due to China's economic slowdown and intensifying competition
- Impact on imports and exports from geopolitical risks such as US tariff policy
- Decrease in exportable items to Europe due to tightened local import regulations
- Intensified competition in sales to Taiwan due to local inventory buildup and price revisions
- Forecast decline in operating profit for FY2027 (ending March 2026) (down 10.1% year on year) due to persistently high material costs and rising logistics costs
- Temporary cost increases due to growth investment related to construction of a new plant by a consolidated subsidiary
- Inventory risk associated with increased inventory assets (¥8,467 million at end of FY2026 (ending March 2026), versus ¥6,479 million at end of prior period)
Last updated: June 22, 2026